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Thursday, February 4, 2016
A RidgeWorth Ally Directly Enters the MF Biz
One of RidgeWorth's [profile] allies is entering the mutual fund business directly. Yet the West Coast-based growth equity boutique will continue to work with RidgeWorth, too.
Atlanta-based multi-boutique RidgeWorth has a minority interest in Zevenbergen, and Zevenbergen does mutual fund subadvisory work for RidgeWorth. And the RidgeWorth and Zevenbergen folks say they're sticking together.
"Their recent announcement does not change our relationship with Zevenbergen Capital Investments," Ian Bachrach, managing director of marketing for RidgeWorth, tells MFWire in an e-mailed statement. "We support Zevenbergen as they expand their product offerings ... We look forward to their continued success."
The new funds are aimed especially at the independent RIA channel and are already on the Schwab platform, Dennison says. In terms of marketing and distribution of the new funds, he adds, it's "still early days," though the Zevenbergen folks foresee "taking more control of distribution" than they have in the past.
Printed from: MFWire.com/story.asp?s=53414
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